I think the market just offered us another opportunity to buy, buy and continue to collect more Bitcoin at a very reduced price. This does not come as a surprise to me though because I expected some corrections from ending of July to August but this will begin to change as we approach September, a month that is always seen as a positive month for Bitcoin. Both those using the DCA method and buying the dips have the chance to take advantage of the drop in price. This is not the time to panic but time to take actions that is intentional.
This month may be the last chance for us to buy dips. We may not be able to buy bitcoins at this price anymore. This month of August may give us a great opportunity to buy more bitcoins at a lower price. Many holders are panicking and selling their bitcoins, I'd say they're making a huge mistake that they'll regret later. This is not a month to panic but rather a month to take advantage of opportunities. So don't panic during this low price of Bitcoin and focus on increasing your investment.
Actually this is really a period to take advantage of the market but not a last chance because as long as Bitcoin investment is concerned there's nothing like last chance to..., because we can't really tell for sure, we are just predicting and for those who are panicking is not necessary and people who panic seeing the price of Bitcoin dipping are mostly traders and those who don't know how Bitcoin works because someone (investor) who understands how Bitcoin works will take advantage of... wisely instead of panicking.
Bitcoin is more risky for investors to panic which could be detrimental to their holdings. You can expect enough bullishness but price assumptions may not be correct so you should continue to buy Bitcoin regularly (DCA). Boldly increasing your holdings and making the right decisions and buying dips can tempt you to grow your Bitcoin stack as expected. Accurate forecasting of the market is not applicable to you if you are into buying regularly and expect more holdings. You should aim to build up a stack of Bitcoins alongside your family's daily expenses
and wait for the chosen time to diversify your portfolio (DIP).
What you were saying wasn't that bad, but you later spoil it with the words I made bold, am talking of where you were talking of diversification, that we should wait for the chosen time to diversify our portfolio.
And on a sincere note, It saddens me that most folks that has gotten a taste of knowledge on Bitcoin and what it entails still thinks on diversifying, when they knows perfectly well that their is no substitute to Bitcoin, any other token aside Bitcoin is very risk, and their is a higher probability of losing your hard earned money because it's like gambling, Something that the chances of you losing your money is way more bigger than the chance of you succeeding, so why would I take such a risk?
what I just have to tell you is that if you are bent on going that destructive part of investing in shit coin or alt coin, don't try to lure others with you, because in the world of cryptocurrency, their is no diversification, because their is no substitute to Bitcoin.